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Carson had the following itemized deductions in 2016: State income taxes $ 1,700 Charitable contributions 8,500 Mortgage interest (personal residence) 10,500 Medical expenses [$8,800 (10%
Carson had the following itemized deductions in 2016:
| State income taxes | $ | 1,700 | |
| Charitable contributions | 8,500 | ||
| Mortgage interest (personal residence) | 10,500 | ||
| Medical expenses [$8,800 (10% $75,000)] | 1,300 | ||
| Miscellaneous [$2,600 (2% $75,000)] | 1,100 | ||
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What are Carsons itemized deductions for AMT purposes? _______________
What is the amount of the AMT adjustment? ________________
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Keys To Reading An Annual Report
Authors: George T. Friedlob, Ralph E. Welton
4th Edition
0764139150, 978-0764139154
